Huobi to List Lambda Coin, Winner of Huobi Next

Huobi, the largest cryptocurrency exchange in terms of trading volume, has announced that it will list the Lambda token on the exchange on the 28th of December, 2018.
In late November, the Singapore-headquartered announced that two projects – Lambda and Covalent – topped its voting process of the public voting event, called Huobi Next, conducted by the exchange. It had determined the listing of the two projects on the trading platform as Lambda and Covalent earned the maximum votes of 1,200,000 and 722,000 respectively.
introduced this voting process to give traders the chance to choose the cryptocurrencies they want to invest in. However, only leading investment institutions and Huobi Token holders are allowed to participate in the voting process.
The exchange also detailed that, before listing for the voting process, the projects went through rigorous scrutiny with its SMARTChain blockchain asset assessment model which assesses any project on its market potential, the associated risk factors, and its contributions to the blockchain industry.
In the ongoing voting phase, the exchange has listed three more projects – WTL, NPXS, and ECT – for voting.
Traders’ Choice
Huobi is going to launch two trading pairs for Lambda – LAMB/BTC and LAMB/ETH – and will initiate trading from the 29th of December, 2018. However, the exchange will allow withdraws only after the 3rd of January, 2019.
Lambda, which is developing decentralized applications (DApps), is known for being a safe, fast and scalable blockchain based infrastructure project. The developers are claiming that the platform will provide multi-chain data services, data privacy, distributed intelligent computing with the help of logic decoupling and independent implementation of Lambda Chain and Lambda DB.
Successful ICO
The project had a very successful token sale event in which it raised more than $15 million in Ether – three times its targeted hard cap.
Recently, Huobi warned traders against more than listed on the exchange. The low trading volume of the coins attracted the exchange’s attention and it might delist all these coins after further scrutiny.